Microfinance: Profiting Off Women's Helplessness
An AIDWA public hearing reveals “loot” in the name of “empowerment” of crores of women who are caught in the debt of microfinance companies.
Crores of women in India are caught in the debt trap of microfinance companies. This loot, going on in the name of 'women’s empowerment', hides stories of high interest, extortion and exploitation.
The truth, revealed by AIDWA's nationwide survey and public hearing held in Delhi on August 23 and 24, shows that poverty cannot be tackled by loans, but policy changes. A Newsclick report.
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